Global economy in May continued to grapple with the headwinds established in the prior months.

Here's a breakdown of the latest key developments:

Monetary Policy in Flux: Central banks, particularly the Federal Reserve, remained in a wait-and-see stance regarding interest rates. Inflation data continued to be a key factor, with persistent price pressures prompting the Fed to maintain or even raise rates later in the year.

This could further impact borrowing costs & slow economic growth.

Earnings Season Scrutiny: Companies continued reporting their quarterly earnings and distribute dividends in May.

Investors remained focused on the impact of inflation on profit margins.

This have influenced stock market performance across sectors.

Geopolitical Unrest: The tensions in the Middle East following the Iran-Israel missile attack in April persisted in May, though President Raisi's crash will maintain the Persians mostly busy with internal issues.

The broader geopolitical landscape, with the war in Ukraine still unresolved, will likely continue to cast a shadow on global economic confidence.

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